According to sources familiar with the plan, the IMF team will stay in Ukraine for about a week, arriving on Sept. 4.
IMF staff working in Ukraine will participate in an informal meeting with the fund’s executive board on Aug. 29, to discuss the loan, one of the sources said.
Ukraine’s primary concern ahead of the visit is accessing the $50 billion in G7 financial aid, derived from the profits of frozen Russian assets. The exact timing of when this funding will become available will determine the government’s budgetary planning, which, in turn, is critical to ensure continued IMF support.
Per the G7 agreement, Ukraine is expected to receive these funds by the end of the year. However, the plan’s execution has been complicated by certain U.S. demands and the risk of Hungary stalling any EU decisions regarding sanctions on Russia or support for Ukraine.
Earlier on Aug. 28, Ukraine’s Finance Ministry announced that the holders of Ukrainian Eurobonds have agreed to a debt restructuring plan, which will ease the strain on the country’s public finances considerably in the coming years.